Anybody know why the price of regular gasoline went up here by $.11 a gallon between 7AM & noon?

[sinkingfeeling]

[ThomWV]

1. Some guy at Exxon wanted a new boat.

[msongs]

2. depends on where "here" is, perhaps.nt

[Fire Walk With Me]

3. Don't forget that oil and gas are favorites for wall street speculators.

They profit, we pay.

[bullwinkle428]

4. Happened in Iowa yesterday as well.

[Journeyman]

5. Those were the numbers on the top of the pile the owner had in the store room? . . .

I tell you, I'm 56 years old. If I live to be a thousand, I'll never understand how gasoline is priced. Random chance may be as good a reason as any.

[Blue_In_AK]

6. That happened here, as well, four or five days ago. n/t

[INdemo]

7. Because it is part of the corporate mafia plan.

Low gas prices would be a plus for Obama.

[liberal N proud]

8. Here in Cleveland it jumped $.20 in an hour

All over town

[MilesColtrane]

9. Oil prices went up.

[ixion]

10. went up a dime today here in Sarasota as well...

When oil goes up, the price goes up immediately. When it goes down, it drops a pittance so that over time it ratchets up slowly.

In other words, it's price gouging made legal.

[oldhippie]

11. Maybe ....

.... whoever owned the gasoline or the gas station decided that he wanted to make more money? Maybe he noticed that his sales volume had spiked and thought maybe market demand would sustain a higher price? That maybe even at the higher sales price he would have enough demand and volume to increase overall profit? Maybe his thinking is wrong and he'll lose volume and overall profit. Then he'll probably lower the price. Classic Econ 101. Still mostly works.

[sinkingfeeling]

13. That's the way things worked in 1950, not today. The gasoline prices went up the whole 11 cents all

over town and every gas station.

[FarCenter]

12. Gas Buddy's USA map of gas prices

http://www.gasbuddy.com/gb_gastemperaturemap.aspx

There was a fire at a Conoco Philips refinery in Wilmington, CA that shut down some California-grade production. That has raised West Coast prices.

But note that Brent is still around $110/barrel. So crude on the East, West, and Gulf coast is pretty high. Only the landlocked midWest refineries use the Cushing WTI crude pricing of around $85/barrel.

[Tippy]

14. Here in TN it went up 10 cents since yesterday

[kentuck]

15. Same in Colorado Springs???

Almost sounds like a conspiracy.

But we know it is just the market working its magic...

[SomethingFishy]

16. Colorado too...

Friday last week I saw it at 3.08.. Monday it was 3.24 Tues 3.29 and today 3.39 Bend over.